36 Unit Independent Hotel Property, Manager Apartment

Springfield, IL (Sangamon County)

36 Unit Independent Hotel Property, Manager Apartment
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Asking Price: $525,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

36 Unit Independent Hotel Property, Manager Apartment

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Business Description

36 Unit exterior corridor hotel property in Springfield IL. Mainly weekly rentals and mainly cash payers. One bedroom managers apartment. 9 singles. 8 single efficiency rooms, 7 double rooms, 10 king rooms and 2 full size apartment rooms. Updated electric. Roof less than 10 years old. Same absentee owner since 1960 and is now retiring. Consistent revenues every year for the last 4 years. Located on a busy street in town. They rent rooms by the day, week or month. Owner might consider financing the sale with $100,000 down payment.

Detailed Information

Location:
Springfield, IL
Real Estate:
Owned
Building SF:
N/A
Employees:
1
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Dan Sperry - The Business Exchange

Business Listed By:
Dan Sperry

The Business Exchange

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